Conversion of partnership to llp or company

Conversion stage is one of the crucial stage for any business man. So i suggest you to please read the followings and take decision wisely.

Now you are converting your firm either in LLP or Company
So you must know about the advantages and disadvantages of both.

Lets start with a Company
A company is a registered entity which are separated from its memebers.
Company is having a disadvantage that it requires a lengthy procedure at the time of incorporation, during the course of business and winding up
There are lots of types of Companies. Majorly Private and Public
Private company

LLP is also a legal body which is a combination of company and partnership firm
If you want company and partnership firm's benefits then go for a LLP
And also take some consultancy from any practicing Company Secretary who will give you greatest advice about company and LLP